4GNS TELECOM AS: årsregnskap 2015 vs 2014
Grew 245% on revenue, weaker earnings, fresh owner capital
approved 2016-06-30; registry 2016-08-23; journal 2016 847043
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 4GNS TELECOM AS. Revenue 58.1k NOK → 200.6k NOK (+245.0%). Net result -394.7k NOK → -601.3k NOK. Equity -39.1k NOK → -640.3k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4GNS TELECOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 58.1k NOK to 200.6k NOK (+245.0% YoY). Calculated
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Operating result improved
Operating result -526.9k NOK → -112.7k NOK (op. margin -906.0% → -56.2%). Calculated
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Cash rose
Bank deposits 8 450 NOK → 335.4k NOK (+3869.8% YoY). Calculated
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Owners injected capital
Paid-in equity rose 446.8k NOK → 1.45m NOK (+1.00m NOK). Reported fact
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Payroll decreased
Salary cost 174.5k NOK → 157.9k NOK (300% → 79% of revenue). Calculated
What deteriorated
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Net result weakened
Net result -394.7k NOK → -601.3k NOK (net margin -678.8% → -299.7%). Calculated
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Equity eroded
Book equity -39.1k NOK → -640.3k NOK (equity ratio -7.3% → -96.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -96.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation